Forensic Accountant: Duties & Job Market

Forensic accounting is a branch of accounting that not only requires knowledge of accounting and auditing principles but also the ability to work on investigation and litigation teams to look into illegal financial activity and assist in litigation processes.

Duties of a forensic accountant
Forensic accountants often specialize in one area of investigation, such as insurance claims, fraud, tax crimes, or money laundering. The common denominator of forensic accounting is the ability to analyze and report on financial data and evidence, have a keen understanding of basic accounting and basic legal concepts, and be able to serve as an expert witness in investigative proceedings.

Where to find forensic accounting jobs
With the corporate financial scandals of the 1990s and the economic crisis that looms today, forensic accountants are becoming more and more vital for ensuring that financial transactions are done legally and ethically. As such, forensic accounting jobs are available in most large, private corporations, as well as all levels of government, banks, insurance companies, law firms, police forces, and more. In short, forensic accountants are in high demand in any organization that requires financial scrutiny.

Forensic accounting programs
Most forensic accounting programs are considered advanced or post-graduate work. Usually, most schools offering certification or advanced degrees in this field require applicants to have Bachelor's degrees in accounting and CPA designations, or some sort of high-level experience equivalent. Many of the popular programs in forensic accounting prepare students for the Certified Fraud Examiner or Certified Financial Forensic Accountant designation -- each is obtained after passing an examination, and has steep educational and experience requirements.

Demand for forensic accounting jobs
With financial crimes like fraud, embezzlement, and other issues making headlines everyday, it's likely that the demand for talented forensic accountants will continue to rise, according to the Bureau of Labor Statistics' (BLS) Occupational Outlook Handbook. High-level accounting scandals also mean that professional certification will set forensic accountants apart as having a knowledge of ethics law, thus making opportunities more abundant.

Quick fact: Did you know that Al Capone was finally brought to justice thanks to the work of a forensic accountant?

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